The average salary for a Procurement Specialist in India is ₹446,304.
Procurement Specialist by
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What Do Procurement Specialists Do?
Procurement specialists specialize in finding goods and services for businesses at the best price to ensure the businesses' continued functionality. This can include office supplies, inventory, and large scale purchases like real estate. These specialists are counted on to meet budgetary constraints and increase profitability.
Procurement specialists can range from entry level to senior level positions in a company. In entry level positions, they may issue purchase orders based on the requirem…Read more
Procurement Specialist Tasks
- Negotiate with different suppliers for price, quality, timeliness and other factors.
- Expedite and liaise with suppliers to ensure timely delivery of goods.
- Write and analyze requisitions, invoices, supply requests and supply orders.
- Track and monitor inventory and needs to determine when to order or purchase new items.
Popular Employer Salaries for Procurement Specialist
The top respondents for the job title Procurement Specialist are from the companies Flextronics International, E.I. Du Pont De Nemours & Co (DuPont) and Accenture. Reported salaries are highest at IBM India Private Limited where the average pay is ₹565,000. Other companies that offer high salaries for this role include Accenture and SoftwareONE, earning around ₹540,000 and ₹437,467, respectively. The Dupont Group pays the lowest at around ₹342,500. Flextronics International and Wipro also pay on the lower end of the scale, paying ₹375,593 and ₹379,500, respectively.
Procurement Specialist Job Listings
What Are Popular Skills for Procurement Specialists?
Skills in Negotiation, Vendor Management and Sourcing are correlated to pay that is above average. Skills that pay less than market rate include Purchasing and Procurement.
What is the Pay by Experience Level for Procurement Specialists?
An entry-level Procurement Specialist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹297,729 based on 9 salaries. An early career Procurement Specialist with 1-4 years of experience earns an average total compensation of ₹367,021 based on 198 salaries. A mid-career Procurement Specialist with 5-9 years of experience earns an average total compensation of ₹596,604 based on 205 salaries. An experienced Procurement Specialist with 10-19 years of experience earns an average total compensation of ₹991,587 based on 41 salaries. In their late career (20 years and higher), employees earn an average total compensation of ₹1,831,257.
Pay Difference by Location
Employees with Procurement Specialist in their job title in New Delhi, Delhi earn an average of 31.2% more than the national average. These job titles also find higher than average salaries in Mumbai, Maharashtra (24.5% more) and Gurgaon, Haryana (23.0% more). The lowest salaries can be found in Chennai, Tamil Nadu (19.9% less), Hyderabad, Andhra Pradesh (11.7% less) and Pune, Maharashtra (8.3% less).
Years of Experience
This data is based on 460 survey responses.